Market Overview

13 Key Technical Levels To Watch On Tuesday

13 Key Technical Levels To Watch On Tuesday

The following stocks and technicals were mentioned on Tuesday's edition of PreMarket Prep, a daily trading ideas show hosted by Technical Analyst Joel Elconin and Prop Trader Dennis Dick.

You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.


  • Riot Blockchain Inc (NASDAQ: RIOT) - The Jan. 2015 high of $15.72 is the only resistance it has.
  • General Electric Company (NYSE: GE) -The low of the move is a double bottom at $17.46 and  $17.50. That’s support.
  • Inc (NASDAQ: OSTK) - The February 2005 high was $58.24, which is the only relevant resistance up here. On weakness, keep an eye on the all-time closing high of $56.65 made on Monday.
  • Advance Auto Parts, Inc. (NYSE: AAP) - Is trying to fill the gap from earnings between $82.82 and $94.75.
  • Tesla Motors Inc (NASDAQ: TSLA) - It needs to clear Friday’s close of $315.05 and Monday’s high of $315.50 to find support.
  • Urban Outfitters, Inc. (NASDAQ: URBN) - There was a double close at $27.90 from Friday and $28.27 from Monday, so that’s resistance.
  • DSW Inc. (NYSE: DSW) -The premarket low was $18.40. There are also four daily lows at the $18.40 area from early November, and the low of the move is $17.89.
  • Signet Jewelers Ltd. (NYSE: SIG) - the premarket low was $61.50, which was the low of the move. There’s daily lows at the $61 area from mid-August, and another pair of lows at $60. Below that, there’s a gap area down to $52.95.
  • Lowe’s Companies, Inc. (NYSE: LOW)- The Friday low was $79.17, and a pair of lows from Wednesday and Thursday at $78.27 and $78.23.
  • Campbell Soup Company (NYSE: CPB) - The buy zone is between $45-$46. The low of the move was $44.99, flanked by the $45.14 low the following day.
  • Dollar Tree, Inc. (NASDAQ: DLTR) - $99.93 and a big psychological number at $100.
  • Burlington Stores Inc (NYSE: BURL) - The Monday low was $104.55. The all-time high and all-time closing high are $106.55 and $106.89, respectively. 
  • Exxon Mobil Corporation (NYSE: XOM) - Big triple bottom at $80.
  • Watch the full show below!

    PreMarket Prep is a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick. You can listen to the show live every day from 8-9 a.m. ET here or on YouTube Live. The podcast is available on iTunes, Soundcloud, and Stitcher.

    Posted-In: PreMarket PrepTechnicals Pre-Market Outlook Markets Trading Ideas General Best of Benzinga


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